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Friday s analyst upgrades and downgrades - The Globe and Mail
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Business Development and Acquisition Update
On October 15, 2020, Superior acquired all of the equity interests of a Southern California propane distribution company, operating under the tradename, Central Coast Propane (“Central Coast”), for total consideration of approximately US$12.9 million (CDN $17.1 million). The purchase price was paid primarily with cash from Superior’s credit facility. Central Coast is a retail distributor delivering approximately 5.0 million litres of propane to approximately 2,800 residential and commercial customers in Southern California.
On October 27, 2020, Superior acquired the assets of a retail propane distribution company, operating under the tradename, Petro SE Propane (“Southern Propane and Mountain Gas”), for total consideration of approximately US$6.1 million (CDN $8.0 million). The purchase price was paid primarily with cash from Superior’s credit facility. Petro is a retail distributor delivering propane in North Carolina, South
Superior Plus Corp Announces Annual and Fourth Quarter 2020 Results and 2021 Adjusted EBITDA Guidance as a Pure-play Energy Distribution Company
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A former governor of Zamfara State Abdulaziz Yari, has appealed against the judgment of a Federal High Court, sitting in Abuja which ordered him to forfeit N248m to the Federal Government.
The Media aide to the former governor, Mayowa Oluwabiyi, said this in a statement in Abuja, on Sunday.
He assured members of the public that the appellate court would vindicate Yari.
Oluwabiyi said Justice Ijeoma Ojukwu of the Federal High Court sitting in Abuja, last Tuesday, ruled that Yari should forfeit $669,248 and N24.3m to the government.
He, however, said, the court gave Yari, 14 days to show cause why he should not forfeit the money.